Bitcoin Forum

Many people say different altcoins are better than others but I don't really see any proof as of yet. What altcoin should I invest in? How do I know if an altcoin is succeeding? I have many questions, but I can't seem to find an answer easily :S

I think you should first think about whether you are an investor, or a day-trader. Often people mix these up. Most people who 'invest' in altcoins expect some short term gain. Often get frustrated when they don't buy and realise profit straight away. Focus more on the long term if you really want to invest. Look at the coins established infrastructure and team. With so many alt-coins out there it is very difficult to tell the difference between a legitimate coin and just another scam.

Rule:
An altcoin is better than bitcoin ≠ becoming more accepted than bitcoin

See:
Network effect

Solution:
Stick to bitcoin until you have some breaking proof that another coin gets dominant

reading fundamentals of a coin correctly is a thing that needs to be learned - the better you understand the tech aswell as actually what the idea of money is the higher you successrate.
Looking at the fundamentals is what investors do. They are patient normally.

Daytraders do not care a lot about fundamentals. They can trade without that often times mainly based on TA.

You shouldn't invest into altcoins.

Now, crypto 2.0 technologies is a different matter.

Altcoin is just a coin like Bitcoin; crypto 2.0 are platforms to leverage decentralization with many use cases.

i invest in captcoin and doing buy every i have a chance and never sell it keep buying and keep staking for captcoin i believe this coin has a good future

Did you know 4 years ago how good Bitcoin actually is and how big will become?
No.
That's the same with the altcoins. Some are only clones, some have wonderful features. Some have good advertising, some not. Some have a good and healthy community behind them, some not.
Some will get big, some not.
To find which will get big and how big... you may need a crystal ball...

Obviously everybody will tell you that the currency they make or they own is better. It's something between advertising and psychology.
There are so many altcoins you cannot just check them all.
So... just pick one of the active altcoins, hang with the community, learn the internals, see how active the devs are... may take you months. As soon as you find a flaw or something you don't like, drop and move on.
In a year or so you will have 2-3 altcoins you'll love.

I don't know a better way for this.

I agree 100%.  Day trading is not investing, and new coin launches fall under the gambling category.  80% of coins launched are gone within the first 30 days.  If you want to invest in altcoins, you are going to have to do your own research, because everybody will promote their own coin as the best.  

Crypto is risky, so my advice would be:

1. Determine a $ amount that you won't lose sleep over, to put into crypto.  
2. Give up a daily Starbucks latte for a month (or something else you waste money on - we're all guilty of something ;)), and you have over $100.  
3. Use that $ amount to buy some Bitcoin.  
4. Go to http://coinmarketcap.com/ and check the currencies.
5. Look at the 180 and 365 day charts - I want to know they can make it at least make it 6 months.
6. Check out the top 50 (yes, I know it's a lot of work).
7. Look for ones that have an overall up-trend.  This is crypto, there will be lots of ups and downs, but the overall trend should be positive.  The ones to stay away from, at least until  they can prove themselves over the next year, are the ones that resemble Mount Everest or a roller coaster.
8. Make a list of these, and then go to their forum thread and do some research:

" Look at the coins established infrastructure and team. "

This is critical.  Every coin is making elaborate claims of the latest features and anonymity.  There are too many coins chasing the anonymous market.  I'm not saying don't invest there, all I'm saying is choose very carefully if you do.  It is going to take a lot more than features, to become a currency on the world stage.  Are they actually doing something to expand their user-base outside of Bitcointalk? Look for currencies that are operating as if they are a business if you are looking to make money over the long term.  I would like to see a real, researchable, name attached to the coin - does this person have a record of taking things to a higher level in business?

Once you have your list narrowed down, diversify your holdings to minimize your risk, should some of them fail.  It should be something like 20 - 40% Bitcoin, 20% Coin A, 20% Coin B, and perhaps 20 -30% in a few others, possibly some with a higher risk level (max. 10%).

Involve yourself in the community, even if it's just asking questions.

Good Luck!

Well, tell us which coins you prefer and I'm quite sure you get all the answers you need  ;)

In generel I like alt coins with unique features in regard to other coins. It should have something really new and useful.
Secondly the support of coins decides about success or fail.

Thanks for your replies guys! I really love all your responses. Special thanks to Chase, your response was most complete and I'll try and follow your steps. Well for favoritism on altcoins it's pretty obvious, everyone likes something that will give high profit on the long run, including me.

I'll keep looking at the altcoins, but until I find one that I completely trust I'll stick to bitcoins and that's it.
Thanks again guys!

Imagine you are asking a merchant if he accepts a certain coin? Which name would draw his interest? Which name would spark his desire? Which name will consumers embrace? Which names give rise to laughter?

"Excuse me sir, do you accept ______Coin?" << Fill in the blank

In the end, it will be consumer consensus that decides the winners and the losers. And consumers are name brand sensitive and brand loyal.

Good point.  If the master plan doesn't include an intelligent sounding name, then's it's very likely the coin is nothing more than a "look what I can do mom" project.  There have been coins that have changed their names, but I haven't followed any of them so I don't know if the name change had any significance.  People have long memories and "RidiculousCoin" will always be "RidiculousCoin", even after a name change.

p.s.  I apologize to the Ridiculous community, if such a coin exists.  ;D

Don't wish so much about altcoin price. Buy and sell quickly only if you want.

Market full with whale.  ;D

by counting the amount of shills the coin has :D

It's a reasonable bet that you're safe on that one; here's a full list of every coin name / symbol that we could find a trace of:

https://minkiz.co/coin/name/


Cheers

Graham

At Sativacoin (STV) we are working towards becoming the most trusted and valuable crypto currency for the mj sector. We have recently taken over the coin as a community and we have many developments in the works.

Please visit our new thread and join us! https://bitcointalk.org/index.php?topic=874071

Thanks for your time and do not hesitate to contact me with any questions,
Arnel
Pastafarian

Show me plz

Nxt is one of the big crypto 2.0 coins. It's got it's own decentralized exchange built into the wallet and other features that bitcoin clones lack.

but you need nxt to buy nem..... 24% reserved of nem for ppl who started it...... faint smell of fish?

25% for development does not mean 25% for the devs.. the devs(5 people + (i think)who ever else they think deserves a reward for helping nem be it in marketing or what not.) will get 15% split between them MAXIMUM and only 10% of that 15% will be distributed at launch. the other 5% will be slow released over time. the rest i would think bounties, hiring other developers and what ever other costs are incurred from development/marketing/promotion etc etc. devs wont get 25%.

you only need nxt to buy nem to buy a stake prior to launch.. we are currently in the redemption period and the majority of stakes have been sent back along with a nem address so that the nem can be redeemed for real nem. there is no other way that we could have traded stakes prior to launch other than issuing assets on the AE to people who registered for a stake. there is no "fish" in nem.. i can assure you of that. the devs have worked tirelessly for nearly a year to produce the brilliant platform that is nem. they are also not launching nem until multisig is ready so that the community can be completely confident in the fact that no one is going to "run with the money".

Use 2.0 coins. You can FEEL the difference

What is your motivation you want to invest in altcoin?

Have you seen CoinGecko (https://www.coingecko.com/en)?
My advice to you is to do loads and loads of research don't believe all the hype out there.

coingecko is a joke, every stat it has about bitshares is completely wrong, for example it says that there are only 66 closed issues in development instead of 882. They also feel that facebook "likes" should be counted in the community rate but not the forum stats of a coin.


^^^This

guldencoin  ;D ;D

ty for the elaboration ckoon. Wasn't trying to make accusations, merely cautious questions :P 

no worries. :) better cautious investor than a frivolous one. ;)

Take a look at Saffroncoin.
Price is so low right now. It can only rise .
Dev always delivers. (check the thread ) (not moderated since begining)
SFRDirect will be released soon (in the matter of days (at max) ). Decentralized Exchange.
It is shortterm investition. But it is one of the best investment oportunities right now.